10 cities could lose $34 billion in housing to coastal floods by 2050

Advisors


Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central.

About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more than $34 billion. Things look even more grim further out in time: By 2100 some 2.5 million homes nationwide, worth about $1.3 trillion altogether, could be at risk if the scientific data and resulting computer models are correct.

Here are the 10 cities predicted to be worst affected by 2050, along with the amount of local housing affected by flooding and its value.

Source: Zillow.com



Source link

Products You May Like

Articles You May Like

Walmart reports first-quarter earnings for fiscal 2020
The stock market fears more trade retaliation from China is coming next week
Some college internships pay twice what regular workers earn
Under Armour, Foot Locker, Apple & more
Beyond Meat hype is ‘beyond stupid’

Leave a Reply

Your email address will not be published. Required fields are marked *